Infrastructure steel consumption has not picked up yet. Some steel consuming segments like auto have started their production. Full revival will take some time, says Dilip Oommen
Morgan Stanley is likely to be appointed the lead banker to manage the overseas listing, while Bank of America Merrill Lynch and Citibank may also be roped in for the IPO, another source informed.
Because of lockdown, most street vendors were not able to earn anything and had to borrow money for survival. Not many will be able to repay the loans offered by the govt, vendors say
FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus
The first of a five-part series captures the restlessness of workers in Haryana's industrial clusters struggling to restart operations
3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact
Ensuring return of labour as important as sending them back home, says Seshagiri Rao
The government plans to auction 50 mines immediately
Amitabh Kant tells Dilasha Seth in an interview that the measures announced recently by Finance Minister Nirmala Sitharaman addressed both supply and demand side problems
Here's a selection of Business Standard opinion pieces for the day
No economic revival and reform package can please all and so, divergent views have come in regarding whether the package adequately addresses the challenges
Bank lending needs to be supported by government spending - the fiscal stimulus
But the government's economic package has a lot going for India's private sector
Under the scheme, the government will offer 100 per cent guarantee on loans.
Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.
Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.
With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast
Here's a selection of Business Standard opinion pieces for the day
So, while we have achieved some success on the health front, are the steps taken to revive the economy adequate?
Policy confusion and discrimination in retail must end